Residential developer JRD enters Prague’s office market

12
May
2021
News - Residential developer JRD enters Prague’s office market #Czech Republic #development #JRD #office #Prague

by Property Forum | Office

Local residential developer JRD is entering the commercial segment. The company plans to build its first office project, Viadukt Anděl in Prague 5.


The seven-storey building on the corner of Nádražní and U Železničního mostu streets will offer almost 6,500 sqm of leasable space, of which 5,700 will be dedicated to offices and the rest will be shops or services. Viadukt Anděl will also offer co-working facilities in a shared meeting room for 40 people. The project is aiming to obtain a LEED Gold certificate. The design was created by Podlipný Sladký architekti.

"Thanks to the agreement with the investor Property N74, the new project will be based on the same principles of energy efficiency and a healthy indoor environment that we have been applying to residential construction," the company’s owner, Jan Řežáb told local daily E15. Property N74 is backed by Czech investors with whom the developer has long been cooperating.

Viadukt Anděl has already received its final zoning permit and JRD plans to start construction this autumn. However, given the current market situation, it will not build speculatively. The developer has brought in consultancy firm JLL to negotiate commercial space leases.




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New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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